George Soros Unloads All Major Financial Bank Stocks; Invests Over $130 Million In Gold (GLD, C, JPM, GS)

Mac Slavo: In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (NYSE:C) 420,000 shares, JP Morgan (NYSE:JPM) 701,400 shares and Goldman Sachs (NYSE:GS) 120,000 shares. The total value of the stock sales amounts to nearly $50 million.

What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust (NYSEARCA:GLD).

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

"I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets -- year-in and year-out."

When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen. GET A FREE TREND ANALYSIS FOR ANY STOCK HERE!

While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an “emergence of the new world order,” if there’s anyone with an inside track of where things are headed next it’s Soros.

Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model ”an end of an era,” hasrecently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering “one of the most dangerous periods in modern history”, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties.

This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.

Based on recent activity in Soros’ US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and he’s shifting his assets into what may be the only asset class left standing when it’s all said and done.

Comments

Just because a man gambled once and won does not make him always right. His pictures look like he is crazy.
Not so say that we are out of the water yet, but there have been many over the thousands of years that have predicted the end of time. And here we are, tapping away at our modern computers and wondering when the next shoe will drop?! I am prepared with my case of Kettle One

If you’re at a card game with George Soros, and you’re not sure who the sucker is, you’re the sucker. That applies to presidents, banks, and companies who sit at his poker table. I suspect that people like George don’t like you breathing their air or your kids drinking their water. They feel crowded and would prefer the world have a fraction of it’s current population, just so long as there are enough people left to work as private chefs, janitors, and pilots.